Client Area

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

Australia’s unfair contract terms rules have changed: Here’s what you need to know

Unfair contract terms in standard form consumer or small business contracts are now illegal after after new laws took effect on 9 November 2023.  Businesses are encouraged to review their standard form contracts and remove or amend any unfair contract terms, while contracting parties should consider whether they are protected under the reforms.

Consider the tax implications of celebrations this holiday season

The holiday season is fast approaching, and many of us are planning to celebrate with our staff. However, before you start making arrangements, it’s essential to consider the fringe benefits tax (FBT) implications of your celebrations. The benefits you provide your employees may be considered entertainment-related and subject to FBT. You should consider these factors.

Housing prices back at record levels, defying Australia’s interest rate rises

Australian home prices are back at record levels, recovering all of the 7.5% dip from their previous peak in April 2022, according to the data group CoreLogic.

NAB, Westpac hike fixed-rate mortgages after warning

A finance expert has urged Australians to be prepared for interest rates to rise again in the near future, as the country battles a worsening cost of living crisis.

Australian economy ‘in a better position than most’, says Treasurer

Australia’s economy is “in a better position than most”, according to federal Treasurer Jim Chalmers, despite the nation still facing several challenges including sticky inflation.

A perfect storm wreaking havoc on the living standards of millions of Australians

From record-high rents to skyrocketing mortgages, a cost-of-living crisis to the alarming emergence of a ‘working poor’ population, our country faces an unprecedented storm of factors putting pressure on millions of people.

Australia’s inflation problem is ‘homegrown’, Bullock warns

Reserve Bank governor Michele Bullock says inflation is now largely a “homegrown” problem, hitting back at claims price rises are mainly driven by global factors outside the central bank’s control. “An important implication of this homegrown and demand-driven component to inflation is that getting inflation back to target will take time,” Ms Bullock said.

All net zero pathways require new gas supply

The Australian Government’s Future Gas Strategy consultation paper highlights the need for investment in new gas supply to avoid future shortfalls and underpin the net zero transformation in Australia and the region.

ASIC to further target superannuation in 2024 priorities

The Australian Securities and Investments Commission (ASIC) has announced its enforcement priorities for 2024, which include two new points relating to the superannuation industry. With a greater spotlight on super, the corporate regulator has added a new priority on member services failures and misconduct relating to the erosion of superannuation balances. Moreover, new priorities relating to insurance claims handling, compliance with financial hardship obligations and the reportable situations regime have also made the list.

Time is the new currency in cybersecurity: how Aussie businesses can avoid losing it to hackers

In the ever-evolving world of cybersecurity, time has become the new currency. As the 2023 Cost of a Data Breach (CODB) Report reveals, the ability to detect and respond to cyber threats swiftly can make all the difference for Australian businesses. But this is no small feat, at a time when cybercriminals have reduced the time needed to deploy ransomware from over two months to under four days. Chris Hockings, CTO for IBM Security Asia Pacific provides some actionable tips for Australian businesses to enhance their cybersecurity posture.

Get in touch

Contact us if you have any questions or want to discuss the next steps for your business.

Related Post

member-img
Posted by Strategic Wealth Management 24 Jan 2024

Land Tax Changes

Land tax: Changes to the principal place of residence exemption From 1 February 2024, persons who purchase and occupy a property but own less than 25% interest (either solely or …

Read More… from Land Tax Changes

Read More
member-img
Posted by Strategic Wealth Management 16 Jan 2024

Business Update – 17 January 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. High chance’ of RBA achieving its goals in 2024: …

Read More… from Business Update – 17 January 2024

Read More
member-img
Posted by Strategic Wealth Management 11 Dec 2023

Managing work-life balance as a small business owner

As a small business owner, it can be incredibly difficult to maintain a healthy work-life balance. The obligations and responsibilities of running your own business often take priority over any …

Read More… from Managing work-life balance as a small business owner

Read More
member-img
Posted by Strategic Wealth Management 10 Dec 2023

Business Update – 11 December 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Jim Chalmers welcomes OECD prediction RBA has reached interest …

Read More… from Business Update – 11 December 2023

Read More
member-img
Posted by Strategic Wealth Management 04 Dec 2023

Make life easier with AI

AI (Artificial intelligence) has been both a huge disrupter and enabler for businesses of all shapes and sizes. (AI) is no longer just a pipe dream of science-fiction. It has …

Read More… from Make life easier with AI

Read More
member-img
Posted by Strategic Wealth Management 30 Nov 2023

Business Update – 30 November 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. How much Aussies plan to spend on Christmas presents …

Read More… from Business Update – 30 November 2023

Read More
member-img
Posted by Strategic Wealth Management 07 Nov 2023

Multifactor Authentication (MFA) email Scam

We’re seeing an increase in reports about an email scam impersonating the ATO. Scammers are emailing clients advising them that due to ATO security updates, they are required to update …

Read More… from Multifactor Authentication (MFA) email Scam

Read More
member-img
Posted by Strategic Wealth Management 06 Nov 2023

Budgeting and cash flow forecasting: key to your business success

In the unpredictable world of business, finding a little certainty can make all the difference. While the future remains a mystery, tools such as budgeting and cash flow forecasting can …

Read More… from Budgeting and cash flow forecasting: key to your business success

Read More
member-img
Posted by Strategic Wealth Management 01 Nov 2023

Business Update – 1 November 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia’s SMEs outshine global peers in latest Xero report …

Read More… from Business Update – 1 November 2023

Read More
member-img
Posted by Strategic Wealth Management 31 Oct 2023

ATO taking stricter line on payment plans

We have been finding that the ATO is a lot stricter on what they will approve for payment plans for our clients. Please read the article below published by Miranda …

Read More… from ATO taking stricter line on payment plans

Read More

Contact Us

Our office is located in Hurstville. Parking is available under our building. We are a short 750m walk from Hurstville train station.

Postal address: PO Box 497 Hurstville BC, NSW 1481